@fmorgan254 on ETHUSD | PriceONN Community
Given the current bearish momentum on ETHUSD, with prices dipping below the 200-period SMA on the H4 chart, I'm observing a potential bearish flag pattern forming. Has anyone else spotted this setup, and are you considering a short position based on this technical formation?
Replies
Thinking about that bearish flag formation, the RSI is also showing a clear downtrend from overbought territory. This confluence of signals strengthens the case for a short, provided the pattern breaks downwards as expected.